Digital Finance | Finance Watch

Policy portal Digital Finance

Digital technologies such as Big Data, blockchain, crypto-assets and AI are changing everyday financial services and even more how these services are sold. They open up exciting new opportunities but may equally jeopardise civil liberties and destabilise society. Policymakers need to take a balanced, and differentiated view on the benefits and risks of digital innovation and strictly adhere to the principle of “same service, same risk, same regulation”.

EU regulation of digital finance should foster a diverse and competitive market, with robust risk management and strong consumer and data protection. This also means reducing EU dependence on ‘too-big-to-fail’ incumbents and ‘Big Tech’ operators.

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17 PUBLICATIONS

Report

Report – Artificial intelligence in finance: how to trust a black box?

A server room data center
Consultation response

Robust consumer protection standards are needed for the use of AI in the insurance sector

Position paper

Ensuring Consumer Protection in the Financial Data Access (FIDA) Regulation

Robust regulatory safeguards for responsible data use and governance
Consultation response

Consultation response – The growth of AI in finance demands appropriate supervision and regulation

Policy brief

Policy brief – The Digital Euro: A Matter of Trust

In this policy brief, Finance Watch argues that for the Digital Euro project to be successful, the Digital Euro must be widely available to EU residents, be truly free of charge and...
Position paper

What should the final distance marketing of consumer financial services rules look like?

As the DMFSD enters the crucial trilogue stage of the ordinary legislative process, Finance Watch highlights key policies co-legislators should adopt in the final legislative text. Robust and effective consumer protection rules...
Position paper

Views on Council General Approach to Distance Marketing of Financial Services

Finance Watch dives into the details of the Council of the European Union’s general approach to the Distance Marketing of Consumer Financial Services Directive (DMFSD), published on 2 March. While happy that...
Consultation response

Response to the European Commission’s Consultation on Open Finance Framework and Data Sharing in the Financial Sector

Report

Analysis of the EU Digital Finance package – A New Finance Watch Report

Finance Watch provides in a new report analysis of policy proposals by the European Commission to regulate and supervise the fast-emerging market of digital finance. This report welcomes the Commission’s initiative and...
Consultation response

Response to European Commission Public consultation on instant payments

Speech

Consumer protection: Digitalisation of retail financial services during the Covid-19 pandemic

Finance Watch statement to the IMCO Committee hearing
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